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Above Politics - Bureaucratic Discretion and Credible Commitment (Paperback)
Loot Price: R896
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Above Politics - Bureaucratic Discretion and Credible Commitment (Paperback)
Series: Political Economy of Institutions and Decisions
Expected to ship within 10 - 15 working days
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Economic development requires secure contract enforcement and
stable property rights. Normal majority-rule politics, such as
bargaining over distributive and monetary policies, generate
instability and frequently undermine economic development. Above
Politics argues that bureaucracies can contribute to stability and
economic development, but only if they are insulated from unstable
politics. A separation-of-powers stalemate creates the conditions
for bureaucratic autonomy. But what keeps delegated bureaucrats
from being more abusive as they become more autonomous? One answer
is the negotiation of long-term, cooperative relationships - that
(when successful) typically bind subordinates to provide more
effort in exchange for autonomy. Even more compelling is
professionalism, which embeds its professional practitioners in
professional norms and culture, and incidentally mitigates
corruption. Financial examples are provided throughout the book,
which ends with an analysis of the role played by professionalized
bureaucracies during the Great Recession.
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